Timothy Taylor on College Loans
By Arnold Kling
Several decades ago, it was a low-risk option to spend a few years working part-time and attending a big public university: if it didn’t end up in a degree, at least you didn’t rack up much or perhaps anything at all in loans and you could learn something and have a good time and grow up a little along the way. But at current prices, that part-time job won’t pay the higher education bills at most institutions. Sending a message that all students should try a few years of college, even if it requires taking on tens of thousands of dollars in loans, is borderline irresponsible.
Read the whole thing. And if you are not reading Timothy Taylor every day, then cut down on your reading of other blogs so that you fit him in.